Facebook, Inc. (NASDAQ:FB) Position Increased by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. increased its position in shares of Facebook, Inc. (NASDAQ:FB) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,767 shares of the social networking company’s stock after buying an additional 533 shares during the period. Facebook comprises about 3.6% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 5th biggest position. Westbourne Investment Advisors Inc.’s holdings in Facebook were worth $4,394,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its stake in Facebook by 13,908.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock valued at $540,000 after purchasing an additional 70,263,213 shares during the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of Facebook by 19,805.8% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,264,083 shares of the social networking company’s stock valued at $226,408,000 after acquiring an additional 2,252,709 shares during the last quarter. Sanders Capital LLC increased its holdings in shares of Facebook by 132.5% in the 4th quarter. Sanders Capital LLC now owns 3,564,800 shares of the social networking company’s stock valued at $522,620,000 after acquiring an additional 2,031,500 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Facebook by 410.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,042,943 shares of the social networking company’s stock worth $267,809,000 after buying an additional 1,642,441 shares during the last quarter. Finally, Flossbach Von Storch AG grew its stake in Facebook by 49.5% during the 4th quarter. Flossbach Von Storch AG now owns 4,139,622 shares of the social networking company’s stock worth $542,663,000 after buying an additional 1,370,767 shares during the last quarter. Hedge funds and other institutional investors own 61.84% of the company’s stock.

NASDAQ:FB traded down $3.71 during mid-day trading on Friday, hitting $189.02. 15,284,654 shares of the company’s stock traded hands, compared to its average volume of 16,766,467. The firm’s 50 day moving average price is $195.36. Facebook, Inc. has a 12 month low of $123.02 and a 12 month high of $208.66. The company has a market capitalization of $550.15 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 1.13 and a beta of 0.99. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.08.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 24th. The social networking company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.09. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The firm had revenue of $16.89 billion during the quarter, compared to the consensus estimate of $16.49 billion. During the same quarter in the prior year, the company earned $1.74 EPS. The firm’s revenue for the quarter was up 27.6% compared to the same quarter last year. On average, equities analysts forecast that Facebook, Inc. will post 7.96 earnings per share for the current year.

In other Facebook news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $189.39, for a total value of $142,042.50. Following the completion of the sale, the vice president now owns 98,622 shares in the company, valued at approximately $18,678,020.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David M. Wehner sold 10,748 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $184.50, for a total value of $1,983,006.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 360,793 shares of company stock valued at $67,585,618. 14.53% of the stock is owned by corporate insiders.

FB has been the subject of a number of recent research reports. Deutsche Bank upped their price objective on Facebook from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $175.00 target price (up from $155.00) on shares of Facebook in a research report on Thursday, April 25th. Susquehanna Bancshares upped their target price on Facebook from $225.00 to $245.00 and gave the stock a “positive” rating in a research report on Thursday, July 25th. BMO Capital Markets dropped their target price on Facebook to $195.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 23rd. Finally, Barclays upped their target price on Facebook from $210.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and forty-two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $220.92.

Facebook Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

Featured Article: Catch-Up Contributions

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.